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Located just minutes from Prospect Park in prime Park Slope, is a beautifully maintained 9-unit multifamily building offering strong in-place income and long-term upside. The property includes five free market and four rent-stabilized units, featuring a mix of one- and two-bedroom layouts ranging from approx. 550 to 1,000 sq ft. All apartments have been recently renovated and are in excellent condition. Current gross monthly income is $33,350, or over $400K annually. With reported annual expenses adjusted for recent capital improvements, the projected NOI exceeds $730K, resulting in an estimated cap rate of 12.22%. This turnkey asset is ideal for investors seeking stable returns in a high-demand Brooklyn neighborhood, near Prospect Park, top schools, shopping, dining, and transportation.

Park Slope

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123 8th Ave, Brooklyn, NY 11215

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